NOT LISTED FOR SALE
6 Beds
6 Baths
52,351 Sq Ft
0.88 Acre Lot

Sale Details

Date Sold: May 29, 2013

Last sale price $8,200,000 $157 Per Sq Ft

12 Days on Market

Highlights

  • Private Pool
  • 0.88 Acre Lot
  • Paved or Partially Paved Lot
  • Hughes Middle School Rated A-
  • No HOA

About This Home

As of May 2013

51 spacious units in prime area of Long Beach, well-maintained, 3-3BR, 44-2BR, 4-1BR units, unfurnished, pool, large penthouse used for storage-could be rented out, carport parking, laundry, elevators, Manager on-site, easy freeway access

Last Agent to Sell the Property

Lorraine Reyes

RE/MAX Connections License #00817053 Listed on: 02/21/2013

RE/MAX Connections

Last Buyer's Agent

Gary Tolfa

Triqor Group License #00955403

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 38,167 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Home Design

  • 52,351 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 51 Parking Spaces
  • 51 Carport Spaces
  • Parking Available

Additional Features

  • Private Pool
  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 25
  • Tax Tract Number 2964
  • Assessor Parcel Number 7145006035

Community Details

Overview

  • No Home Owners Association
  • 51 Units

Recreation

  • Community Pool

Building Details

  • 51 Leased Units
  • 51 Separate Electric Meters
  • Electric Expense $11,265
  • Insurance Expense $30,082
  • Professional Management Expense $9,149
  • Trash Expense $7,951
  • Water Sewer Expense $16,078
  • Gross Income $526,187
  • Net Operating Income $333,715

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.88 Acres

Listing Details

  • Assessments: No
  • Professional Management Expense: 9149.00
  • Property Attached: Yes
  • Water Sewer Expenses: 16078.00
  • Property Type: Residential Income
  • Parcel Number: 7145006035
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 156.64

Exterior Features

  • Pool Features: Community
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 51.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 51.00

Utilities

  • Utilities: Sewer Connected
  • Sewer: Sewer Paid
  • Trash Expense: 7951.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Urban

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 38167.00
  • Lot Size Acres: 0.8760

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 11265.00
  • Gross Income: 526187.00
  • Gross Scheduled Income: 674247.00
  • Insurance Expense: 30082.00
  • Lot Size Area: 38167.0000 Square Feet
  • Net Operating Income: 333715.00
  • Number Of Separate Electric Meters: 51
  • Number Of Units Leased: 51
  • Number Of Units Total: 51
  • Rent Control: No
  • Total Actual Rent: 55931.00

Tax Info

  • Tax Area: 5500
  • Tax Lot: 25
  • Tax Tract Number: 2964
  • Tax Year: 2011
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/29/2013 05/29/13 Sold $8,200,000 -8.9% $157 / Sq Ft
03/05/2013 03/05/13 Pending -- -- --
02/21/2013 02/21/13 For Sale $9,000,000 -- $172 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $140,411 $10,097,707 $1,970,280 $8,127,427
2024 $134,019 $9,899,714 $1,931,648 $7,968,066
2023 $131,732 $9,705,603 $1,893,773 $7,811,830
2022 $123,772 $9,515,298 $1,856,641 $7,658,657
2021 $121,064 $9,328,725 $1,820,237 $7,508,488
2019 $119,333 $9,070,782 $1,766,249 $7,304,533
2018 $116,091 $8,893,292 $1,731,617 $7,161,675
2016 $106,604 $8,529,934 $1,664,377 $6,865,557
2015 $102,399 $8,401,807 $1,639,377 $6,762,430
2014 $101,832 $8,237,228 $1,607,264 $6,629,964
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13028342

California Regional Multiple Listing Service (CRMLS)
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